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Jan 17, 2007 (newstodate): Denmark's DSV group said at a press conference in London on Tuesday that the rebranding of all its worldwide operations, including DFDS Transport, from January 1 this year is aimed at giving a higher and clearer profile to the group which had a budgeted turnover of 4.4 billion euros for 2006 compared to an actual turnover of 3.08 billion for 2005.
The group now has three divisions - Road, Air & Sea as well as Solutions, and operates at 500 sites in 50 countries with over 19,000 staff. It said that Air & Sea is already a strong performing worldwide business with a 765 million euro turnover and the division "is already earmarked for further strong growth."
-DSV's goal is to become a top 10 player in the air and sea freight industry through the provision of a truly global operation. We already hold strong positions in the UK, UK, Hong Kong and China, the Nordic, Benelux and Germany and will meet our growth targets through both the continued development of our existing business and by acquisition. Central Europe is an area of particular interest in the next stage of our strategy, said Hugh Burnham, the division's UK managing director.
But he recognised that DSV "was still far short of the top 10 for air and sea. It needs a major acquisition...we're now probably in the top 20 to 25."
In China the group has nine offices and "a further four to five are already pencilled in for the next two years" with the strategy there as in Russia driven by the corporate head office in Copenhagen.
Russia has been seen as challenging and there are "some complexities operating there," Anderson said, "but we're looking at it and I wouldnt be surprised to see a development there this year.
The group now has three divisions - Road, Air & Sea as well as Solutions, and operates at 500 sites in 50 countries with over 19,000 staff. It said that Air & Sea is already a strong performing worldwide business with a 765 million euro turnover and the division "is already earmarked for further strong growth."
-DSV's goal is to become a top 10 player in the air and sea freight industry through the provision of a truly global operation. We already hold strong positions in the UK, UK, Hong Kong and China, the Nordic, Benelux and Germany and will meet our growth targets through both the continued development of our existing business and by acquisition. Central Europe is an area of particular interest in the next stage of our strategy, said Hugh Burnham, the division's UK managing director.
But he recognised that DSV "was still far short of the top 10 for air and sea. It needs a major acquisition...we're now probably in the top 20 to 25."
In China the group has nine offices and "a further four to five are already pencilled in for the next two years" with the strategy there as in Russia driven by the corporate head office in Copenhagen.
Russia has been seen as challenging and there are "some complexities operating there," Anderson said, "but we're looking at it and I wouldnt be surprised to see a development there this year.